Tag Archives | Middle East

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KPMG Warns Of US Overcapacity

 

By John Richardson

A management consultancy has gone on the record to warn about what the blog has been warning about for months: That the US petrochemicals industry is in danger of pushing itself into oversupply.

KPMG, in a …

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Confidence And Petrochemicals

By John Richardson

CONFIDENCE is a strange thing. It can be derived from solid reasons for optimism over the future or from temporary factors that can rapidly disappear.

And what is the value of publicly-expressed confidence? Is it often politically …

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India Chems Look For Govt Support

By Malini Hariharan

The Indian government is being asked to give a fresh boost to the chemicals industry in the 12th Five Year Plan beginning from 1 April.

A working group for the chemicals industry has detailed key measures that …

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Middle East builds downstream

By Malini Hariharan

After years of making money in basic petrochemicals the Middle East focus has firmly shifted to downstream chemicals, a topic that is being discussed in great detail at this year’s GPCA forum being held in Dubai on …

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A question of balance

By Malini Hariharan

It is not surprising to read that at a time when many producers around the world are cutting production, cost-advantaged producers in the Middle East will be maintaining operations at their polyethylene (PE) and polypropylene (PP) plants. …

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Propylene To Stay Expensive

By John Richardson

A DEBATE is taking place over whether the price of propylene will decline to its traditional discount versus ethylene.

In Europe, propylene prices went above ethylene for the first time ever during the second quarter of 2010. …

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China looks for LPG

By Malini Hariharan

The blog has been trying to get more information on what’s driving Chinese interest in liquefied petroleum gas (LPG)-based petrochemical projects.

Plans for eight propane dehydrogenation (PDH) plants have already been announced and more could be in …

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Banking on gas

By Malini Hariharan

Is the International Energy Agency (IEA) being extremely bullish in predicting a ‘golden age’ for natural gas over the next 25 years?

In a recently released report (available here) the IEA forecasts a 55% growth in global …

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China Remains Weak On Government Tightening

By John Richardson

CHINA’S polyethylene (PE) market – a reasonable proxy we often use for the chemicals and polymer industries as a whole – remains worryingly weak, according to several traders and producers interviewed by the blog this week.

Modest …

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Chinese MEG Demand Up By 2m tonnes This Year

By Malini Hariharan

Global monoethylene glycol (MEG) markets are likely to remain robust in 2011, supported by strong demand from China and a lack of new capacity additions, a top executive from MEGlobal told the blog at the 5th Gulf …

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